North America Tour Operator Software Market Segments and Growth by 2027
North America Tour Operator Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Enterprise Size (Large Enterprises and SMEs), and Subscription Type (One Time Subscription, Monthly Subscription, and Annual Subscription)
- Report Date : Feb 2021
- Report Code : TIPRE00019123
- Category : Technology, Media and Telecommunications
- Status : Published
- Available Report Formats :
- No. of Pages : 89
The tour operator software market in North America is expected to grow from US$ 279.19 million in 2019 to US$ 485.67 million by 2027; it is estimated to grow at a CAGR of 10.8% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Rising tourism industry with positive economic prospects is driving the North America tour operator software market in a positive way. The growth of the tourism sector is influenced by factors such as GDP growth, size of the economy, travel infrastructure development, industry mix, population, and regulatory policies. These factors vary from one country to another and affect the travel investment in that particular country. The tourism industry has spurred stupendously over the years and is at a constant rise. The demand for tourism among every class of society has led to the emergence of various types of tourism, such as roadways tourism, waterways tourism, and aerial tourism, among which roadways tourism has dominated the industry for a long period. Increasing disposable income among the masses in developed as well as developing countries has resulted in rising adoption of tour operators to book their tour by opting fascinating offers. Further, the GDP growth in countries such as US, Canada, and Mexico is expected to offer ample opportunities for the market growth in the coming years. With positive economic outlook, investments in travel infrastructure, growth in SMEs, huge cross border trade volumes, and stabilizing political conditions, the spending on tourism is expected to increase over the next few years. With increasing globalization and cross border trade, the spending on tourism is also rising. These factors have positively impacted the growth of the tour North America operator software market
North America is severely affected by the COVID-19 pandemic. North America is one of the significant regions for the adoption and growth of advanced technologies due to favorable government policies to accelerate innovation, a huge industrial base, and high purchasing power, especially in developed countries, such as the US and Canada.The US is the worst-hit country in North America, with the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. The pandemic projected light on job security and social welfare in tourism sector, by underlining the vulnerabilities in North America. The US alone witnessed loss of more than US$297 billion from the negative impact on travel and tourism sector. Majority of the Americans are mostly preferring to go for a vacation to the familiar places, which is negatively impacting the business of travel agencies as well as the adoption of tour operator software. The international tourist mindset is swinging between hesitation and readiness with requirement of little or a lot more time to feel ready to travel. The outbreak would have a limited short-term impact on the market. The short-term effect of the crisis would not hinder the recovery of overall sales in the tourism industry in coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America tour operator software market. The North America tour operator software market is expected to grow at a good CAGR during the forecast period.
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North America Tour Operator Software Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
North America Tour Operator Software Market – By Component
- Software
- Services
North America Tour Operator Software Market – By Enterprise Size
- Large Enterprises
- SMEs
North America Tour operator software Market – By
- One Time Subscription
- Monthly Subscription
- Annual Subscription
North America Tour operator software Market, by Country
- US
- Canada
- Mexico
North America Tour operator software Market - Companies Mentioned
- Checkfront Inc
- GP Solutions GmbH
- Rezdy
- TRAVEFY, INC
- TRYTN
- Xola, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Enterprise Size, and Subscription Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Tour Operator Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Tour Operator Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Tourism Industry with Positive Economic Prospects
5.1.2 Tourism Firms Getting Recognized
5.2 Market Restraints
5.2.1 Secured Transaction and Privacy Related Issues
5.3 Market Opportunities
5.3.1 North American Economies Witnessing Growth Opportunities
5.4 Future Trends
5.4.1 Rising Acceptance of AI across Tourism Industry
5.5 Impact Analysis of Drivers and Restraints
6. Tour Operator Software Market– North America Analysis
6.1 North America Tour Operator Software Market Overview
6.2 North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. North America Tour Operator Software Market Analysis – by Component
7.1 Overview
7.2 North America Tour Operator Software Market, by Component (2019 and 2027)
7.3 Software
7.3.1 Overview
7.3.2 Software: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Tour Operator Software Market Revenue and Forecast to 2027 – By Enterprise Size
8.1 Overview
8.2 North America Tour Operator Software Market Breakdown, By Enterprise Size, 2019 & 2027
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Tour Operator Software Market Revenue and Forecast to 2027 – By Subscription Type
9.1 Overview
9.2 North America Tour Operator Software Market Breakdown, By Subscription Type, 2019 & 2027
9.3 Monthly Subscription
9.3.1 Overview
9.3.2 Monthly Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Annual Subscription
9.4.1 Overview
9.4.2 Annual Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5 One Time Subscription
9.5.1 Overview
9.5.2 One-Time Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
10. North America Tour Operator Software Market –Country Analysis
10.1 Overview
10.1.1 North America: Tour Operator Software Market, By Country
10.1.1.1 US: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Tour Operator Software Market, By Component
10.1.1.1.2 US: Tour Operator Software Market, By Enterprise Size
10.1.1.1.3 US: Tour Operator Software Market, By Subscription Type
10.1.1.2 Canada: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Tour Operator Software Market, By Component
10.1.1.2.2 Canada: Tour Operator Software Market, By Enterprise Size
10.1.1.2.3 Canada: Tour Operator Software Market, By Subscription Type
10.1.1.3 Mexico: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Tour Operator Software Market, By Component
10.1.1.3.2 Mexico: Tour Operator Software Market, By Enterprise Size
10.1.1.3.3 Mexico: Tour Operator Software Market, By Subscription Type
11. Impact of COVID-19 Pandemic on North America Tour Operator Software Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Checkfront Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 GP Solutions GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Rezdy
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Travefy, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 TRYTN, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Xola, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)
Table 2. US Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 3. US Tour Operator Software Market, By Enterprise Size – Revenue and Forecast to 2027 (US$ Million)
Table 4. US Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada Tour Operator Software Market, By Enterprise Size– Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico Tour Operator Software Market, By Enterprise Size– Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Tour Operator Software Market Segmentation
Figure 2. North America Tour Operator Software Market Segmentation – By Country
Figure 3. North America Tour Operator Software Market Overview
Figure 4. Software Segment Held the Largest Share During Forecast Period
Figure 5. SMEs Segment Expected to Grow at a Higher CAGR During Forecast Period
Figure 6. Monthly Subscription Segment Dominated the Market
Figure 7. North America Tour Operator Software Market, Country Analysis
Figure 8. North America
Figure 9. Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. North America Tour Operator Software Market Impact Analysis of Drivers and Restraints
Figure 12. North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Tour Operator Software Market Revenue Share, by Component (2019 and 2027)
Figure 14. North America Software: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Services: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. North America Tour Operator Software Market Breakdown, By Enterprise Size, 2019 & 2027
Figure 17. North America SMEs: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America Large Enterprises: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. North America Tour Operator Software Market Breakdown, By Subscription Type, 2019 & 2027
Figure 20. North America Monthly Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America Annual Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America One Time Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. North America Tour Operator Software Market Revenue Share, By Country (2019 and 2027)
Figure 24. US: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Canada: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Mexico: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in North America Country Markets
- Checkfront Inc
- GP Solutions GmbH
- Rezdy
- TRAVEFY, INC
- TRYTN
- Xola, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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